China to ease investment access to aviation industry [Reuters]
China Eastern Airlines Corporation Ltd. (CEA)
US:NYSE Investor Relations:
irasia.com/listco/hk/chinaeast/annual/index.htm
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Source: Reuters
China to ease investment access to aviation industry | Reuters Reuters Staff 2 Min Read SHANGHAI, Jan 12 (Reuters) - China will make it easier for state and private enterprises to invest in its fast growing civil aviation industry from Jan. 19, but retain the state’s grip over key airlines and airports in sensitive regions. China is the world’s fastest growing aviation market and is forecast to surpass the United States as the world’s biggest from 2022, says the International Air Transport Association. The Civil Aviation Administration of China (CAAC) said on its website on Friday that new rules would allow state and private firms to independently or jointly make investments from Jan. 19, to drive the industry’s healthy development. There would be limits, though, and certain entities needed to remain controlled by state-owned shareholders. These included the country’s three largest airlines, Air China, China Eastern Airlines and China Southern Airlines, and some airports in certain hu
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